Question: India has been placed at which of the following position among the 190 countries in the recently released World Bank’s ease of doing business index for the year 2017?
(a) 131st
(b) 125th
(c) 115th
(d) 130th
Ans: (d)
Related facts:
- On 25 October 2016; Washington based World Bank Group on released the report titled Doing Business 2017.
- The theme of the report is “Equal Opportunity for All”.
- 190 countries were included in the recently released World Bank’s ease of doing business index for the year 2017.
- In its global country rankings of business efficiency, the report awarded its coveted top spot to New Zealand with the score of 87.01.
- Followed by Singapore(score 8505) as second, Denmark(score 8487) third, Hong Kong SAR(score 8421) fourth, Republic of Korea(score 8407) fifth.
- The world’s top 10 improvers, based on reforms undertaken, are Brunei Darussalam; Kazakhstan; Kenya; Belarus; Indonesia; Serbia; Georgia; Pakistan; United Arab Emirates (UAE); and Bahrain.
- Bottom five countries are Somalia (190th place), Eritrea (189th place), Libyan (188th place), Venezuela (187th place) and South Sudan (186th place ).
- India with the score of 55.27 has been placed at 130th position among the 190 countries.
- Among the BRICS natons India ranks lowest top position is held by Russia (40) followed by South Africa (74), China (78), Brazil (123) and India (130).
- Among the India’s Neighbouring countries the rankings are Bhutan (73), China (78), Nepal (107), Sri Lanka (110), Pakistan (144) and Bangladesh (176).
- In this index, ranking of country is based on index averages the country’s percentile rankings on 10 indicators each having equal weightage.
- A higher ranking of country in this list means that its regulatory environment is more conducive and favorable for the starting and operation of firms.
Reference:
http://www.worldbank.org/en/news/press-release/2016/10/25/record-number-of-economies-carried-out-business-reforms-in-past-year-doing-business
http://www.doingbusiness.org/~/media/WBG/DoingBusiness/Documents/Annual-Reports/English/DB17-Full-Report.pdf